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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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Arevon Celebrates Commencement of Operations at the 300-MW Nighthawk Energy Storage Project in California

LCG, August 12, 2026--Arevon Energy, Inc., an energy developer, owner, and operator, today announced that its 300 MW/1,200 MWh Nighthawk Energy Storage Project in Poway, California, is now operational. Arevon celebrated the project's completion with an on-site ribbon-cutting ceremony attended by project partners, local officials, and others who helped bring the project online. Nighthawk, the largest standalone storage facility in the company's portfolio, should enhance system reliability and is among the San Diego region's most significant energy storage facilities.

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Industry News

SoCal Ed 'Bailout' Dying a Slow Death

LCG, Aug. 21, 2001--When California Gov. Gray Davis announced last April that he had arranged a deal with Southern California Edison Co. for the state to purchase the utility's transmission assets for $2.76 billion and thus provide SoCal Ed with money to pay some of its enormous debt, there were a couple of important conditions.

One, the deal had to be done by August 15, and two, the arrangement agreed to between the governor and the company were not subject to alteration. The governor even got into a shouting match with a lawmaker over the second provision, with Davis using language that would make a sailor blush.

The deadline came and went with the state legislature on its summer recess, but SoCal Ed, grasping at straws as bankruptcy stares it in the face, said it would wait until the lawmakers returned.

Today, Davis is expected to offer a "compromise" plan to the Assembly Democrat caucus that SoCal Ed may find hard to swallow.

Gone would be the deal to buy the utility's transmission system, though it would remain an option. In place of the $2.76 million, the state would allow SoCal Ed to issue up to $2.9 billion in revenue bonds -- tax exempt bonds guaranteed by the company's future collections from ratepayers -- and use that money to pay some of its bills, but the state would say which bills.

SoCal Ed would use some of the bond proceeds to pay off so-called "qualifying facilities," independent power producers created by the national Public Utility Regulatory Policies Act of 1978, but not the independent power producers who purchased generating facilities belonging to the state's investor-owned utilities. The company would have to find its own resources to pay the $1 billion it owes the latter.

The "compromise" aligns the utility's "rescue plan" with legislation passed last month by the state Senate and dismissed at that time as "unacceptable" by Southern California Edison. But it has been passed by the Senate and shows signs of progress in the Assembly.

And that looks as though it is as close as Davis is going to get to his original agreement with SoCal Ed.

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